Ba 160, Intro To Business, Ch 2

Front 1

business ethics

Back 1

– principles and standards that determine acceptable conduct in business

Front 2

social responsibility

Back 2

– a business's obligation to maximize its positive impact and minimize its negative impact on society

Front 3

ethical issue

Back 3

- an identifiable problem, situation, or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong, ethical or unethical

Front 4

bribes

Back 4

– payments, gifts, or special favors intended to influence the outcome of a decision

Front 5

plagiarism

Back 5

– the act of taking someone else's work and presenting it as your own without mentioning the source

Front 6

codes of ethics

Back 6

– formalized rules and standards that describe what a company expects of its employees

Front 7

whistle-blowing

Back 7

– the act of an employee exposing an employer's wrongdoing to outsiders, such as the media or government regulatory agencies

Front 8

corporate citizenship

Back 8

– the extent to which businesses meet the legal, ethical, economic, and voluntary responsibilities placed on them by their stakeholders

Front 9

consumerism – [kuhn-soo-muh-riz-uhm]

Back 9

- the activities that independent individuals, groups, and organizations undertake to protect their rights as consumers